Associated Banc-Corp's Preferred Stock, Series C Shares Cross 6% Yield Mark

By Preferred Stock Channel Staff, Tuesday, March 2, 2:04 PM ET

Start slideshow:
10 Stocks Where Yields Got More Juicy »

In trading on Tuesday, shares of Associated Banc-Corp's 6.125% Non-Cumulative Perpetual Preferred Stock, Series C (ASB.PRC) were yielding above the 6% mark based on its quarterly dividend (annualized to $1.5312), with shares changing hands as low as $25.52 on the day. This compares to an average yield of 5.48% in the "Financial" preferred stock category, according to Preferred Stock Channel. As of last close, ASB.PRC was trading at a 2.20% premium to its liquidation preference amount, versus the average premium of 3.56% in the "Financial" category. Investors should keep in mind that the shares are not cumulative, meaning that in the event of a missed payment, the company does not have to pay the balance of missed dividends to preferred shareholders before resuming a common dividend.

The chart below shows the one year performance of ASB.PRC shares, versus ASB:

Performance Comparison Chart

Below is a dividend history chart for ASB.PRC, showing historical dividend payments on Associated Banc-Corp's 6.125% Non-Cumulative Perpetual Preferred Stock, Series C :

Free Report: Top 7%+ Dividends (paid monthly)

In Tuesday trading, Associated Banc-Corp's 6.125% Non-Cumulative Perpetual Preferred Stock, Series C (ASB.PRC) is currently trading flat on the day, while the common shares (NYSE:ASB) are off about 0.3%.

This Article's Word Cloud: Arial Associated Banc Below Channel Corp Cumulative Dividends Financial Free Investors Juicy More NYSE Perpetual Preferred Report Series Start Stock Stocks This Tuesday Where Yields about above according afterLeftLabels amount annualized average axisColor background balance based before category chart common dividend escape fillColor missed preferred premium shares that trading versus

Associated Banc-Corp's Preferred Stock, Series C Shares Cross 6% Yield Mark

Associated Banc-Corp's Preferred Stock, Series C Shares Cross 6% Yield Mark | www.PreferredStockChannel.com